Seagate Technology Holdings PLC

Quantli Newsdesk

· 2 days ago

Jim Cramer highlighted Seagate as one of four memory stocks posting triple-digit gains in 2026, driven by AI data center demand creating a persistent memory shortage. He argued that manufacturers have shifted strategy toward locking in revenue through long-term contracts rather than expanding capacity, supported by share buyback programs.

Quantli Newsdesk

· 7 days ago

Seagate Technology closed fiscal 2026 with revenue of $12.2 billion (up 34% year-over-year) and record free cash flow of $3.1 billion, driven by AI-fueled demand for mass-capacity storage. The company's HAMR-based Mozaic platform is now qualified with all major U.S. hyperscalers, and management affirmed its $0.74 quarterly dividend while reducing debt by $1.4 billion.

Quantli Newsdesk

· a month ago

Seagate Technology fell alongside other memory chip makers in a broad semiconductor selloff that pulled major indexes lower. Despite chip demand bellwether TSMC reporting a 77% jump in quarterly profit, the sector declined as investors questioned whether near-term demand can justify valuations after a nearly 70% rally this year.

Quantli Newsdesk

· a month ago

Seagate Technology shares declined 10% as part of a wider semiconductor sector selloff, with the U.S. chip index falling 4%. The downturn reflects mounting investor nervousness around the massive costs of AI buildouts and elevated tech valuations, triggering volatility across global markets.

Quantli Newsdesk

· 2 months ago

Micron Technology's fiscal Q3 earnings report drew intense market focus as a critical gauge for AI infrastructure demand, following a volatile period that saw semiconductor stocks experience sharp declines despite exponential revenue growth. Analysts expected the memory chip giant to deliver strong results driven by AI data center demand and constrained supply, but the sector-wide selloff underscored investor anxiety about valuation and sustainability of the AI-driven boom.

Quantli Newsdesk

· 2 months ago

Micron locks in multi-year take-or-pay contracts with AI customers including Nvidia, reducing cyclical risk. Gross margin hit 84%, but supply constraints persist through 2027. Long-term deals now represent 25% of revenue with a target above 50%.

Quantli Newsdesk

· 4 months ago

Seagate reported fiscal Q3 revenue of $3.1 billion, up 44% year-over-year, driven by surging demand for high-capacity storage from hyperscalers building AI infrastructure. The company raised its medium-term annual revenue growth target from low-to-mid-teens to at least 20%, citing structural growth in data storage driven by AI workloads. Two major cloud providers qualified Seagate's next-generation HAMR technology platform, Mozaic 4+, clearing a key execution risk.

Quantli Newsdesk

· 4 months ago

Seagate's fiscal Q3 earnings beat expectations by 17%, fueled by soaring demand for data storage from AI workloads. The hard disk drive maker raised its long-term growth forecast to 20% annually as hyperscalers lock in capacity through 2027. Seagate and peer Western Digital crushed semiconductor stocks in April, gaining over 60% amid surging AI-driven data creation.

Quantli Newsdesk

· 4 months ago

Seagate Technology reported fiscal Q3 revenue growth of 44% to $3.1 billion, driven by strong demand for high-capacity storage from AI infrastructure buildouts. The company raised its revenue growth outlook to at least 20% annually and said nearline capacity is fully allocated through 2027. The positive results lifted shares across the storage sector.

10-K

Quantli Newsdesk

· 4 months ago

Seagate delivered strong fiscal 2025 results with revenue up 39% to $9.1 billion and operating margin expanding to 21% from 6%, driven by robust demand for nearline cloud storage products and favorable pricing, though trade policy uncertainty and technology transition risks remain.